How did John D. Rockefeller horizontally integrate his monopoly in 1882? a) He purchased iron mines around the country to add to his business. b) He created a trust that controlled oil wells, refineries, and distribution networks. c) He created a trust that controlled ninety percent of the nation's oil refineries. d) He purchased coal plants around the country to add to his business.

Question

History

Kaya Landry

21 July, 20:08

How did John D. Rockefeller horizontally integrate his monopoly in 1882? a) He purchased iron mines around the country to add to his business. b) He created a trust that controlled oil wells, refineries, and distribution networks. c) He created a trust that controlled ninety percent of the nation's oil refineries. d) He purchased coal plants around the country to add to his business.

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Answers (2)

Know the Answer?

Clara Forbes · Answer 1

The answer is b because to have a monopoly you have to have control of things other businesses need

Efrain Bolton · Answer 2

Correct answer choice is:

B) He created a trust that controlled oil wells, refineries, and distribution networks.

Explanation:

John Rockefeller had purchased out his partners to completely command Official Oil, he used both horizontal and vertical combination to increase the sales. He grew horizontally by purchasing competing factories and vertically by purchasing other upstream and downstream enterprises. Once his firm became generous in the industry, he planned with tracks to further connect his monopoly and closed the different opponents. His anti-competitive conduct eventually happened in the expected break-up of the firm, but by then as we all know he had become a very, very rich man.